Strengthen the leading role of finance in new infrastructure
August 12, 2020 07:24 Source: "China Social Sciences", August 12, 2020, 1987th author: Sun Zheng

Finance as a adhesive between the market economy and the government regulation,Play an important role in promoting my country's economic growth。But in different periods,The focus point of financial growth is different。In the past, the foothold of the fiscal helping the economy was mainly traditional infrastructure,Including high -speed rail、Airport and highways and other traffic infrastructure construction。With the saturation of traditional infrastructure,The edge output effect of related financial expenditures is also sharp attenuation。At the same time,Big Data Center、Artificial Intelligence、Industrial Internet、New infrastructure construction represented by the construction of 5G base station,It is gradually becoming a new growth engine of China's economy。So,Finance help new infrastructure has become a new development aspect of fiscal expenditure。

Traditional infrastructure has more production attributes,Promote the formation and improvement of infrastructure,and the new infrastructure has the dual attributes of service production and life。New infrastructure will laid the digital economy、Smart Economy、The basis of the development of human future civilization such as life economy。Different financial -based models in the process of construction of traditional infrastructure,New infrastructure requires innovative financial investment model,Especially to strengthen bet365 Play online games the leading role of finance。

 Bet365 app download

Strengthen fiscal policy、Links between monetary policy and industrial policy,"Three Drives" that drives the development of new infrastructure,You need to introduce some specific planning blueprints at the central level,Maintain the continuity of the financial arrangement on the new infrastructure。Multi -party raising fiscal funds,You can appropriately expand the scale of debt,Promoting the concept of fiscal concept from balanced fiscal to functional fiscal,Relying on the construction of new infrastructure to increase the adjustment of the inverse cycle of financial。Proposal of new infrastructure,It's not just a short -term existence measure to drive the investment,but focusing on the forefront of future industry development,Cultivate new economic growth points,See the high point of the development of the future information technology industry。Different from the "4 trillion" investment plan in 2008,New infrastructure is the height of the Party Central Committee standing at history and the times,Deep insight grasp the general trend of world economic development and contemporary Chinese reality,Strategic deployment made from long -term。So,The help of fiscal support for new infrastructure should also focus on the long -term guidance plan,Not just a fiscal family,Tongli cooperation of various functional departments,Locomped coordinating promotion。

Construct a linkage mechanism for new infrastructure to new kinetic energy

Innovate the form of financial participation of the country,Avoid a single investment structure in the past,Low capital efficiency,Disadvantages bet365 Play online games of the use of funds lacking social supervision。Give play to the guidance role of fiscal funds,To actively guide market subjects,Give full play to the decisive role of the market for resource allocation。From the perspective of global perspective,The global development of economic liberalization is facing new challenges,The impact of non -economic factors on my country's economic "double cycle" will be more prominent。

Most scholars have proposed some policy measures for fiscal support from the economic perspective,Discuss less from the level of national governance capacity innovation。Finance's help to new infrastructure,You can from the perspective of financial management,Provide a new opportunity for the modernization of my country's governance and governance system。Under the integration of various departments in the process of new infrastructure through finance,Innovation Department、The linkage mechanism of new kinetic energy between the government and the government and society,Modernization of promoting my country's governance system and governance capabilities。Looking at the mid -length period,New infrastructure will profoundly affect my country's future economic direction,Existing equilibrium will be broken,Global Industrial Chain will definitely reconstruct,and change the world economic pattern。

Actually,With the development of the new format,Especially after the impact of the new crown epidemic,The innovation of national governance capabilities has begun,In the future, it will inevitably present an acceleration situation。New infrastructure to the new kinetic energy Bet365 app download is not completed automatically,Innovation of the national institutional concept,and from the perspective of institutional construction,For the quality change of my country、Efficiency change、The core economic logic of power change has positive impact。

  Reasonably guide the development of the industrial development

Fiscal policy as a means of national macroeconomic regulation,Have to make up for market failure,The role of promoting the optimization of resource optimization。In the future,Guidance through fiscal funds,Can make more social resources tilt towards new infrastructure,Promote it to improve the industrial layout,For the new economy、The development of the development of the new format。

From the perspective of international experience,The U.S. government adjusts the fiscal expenditure structure while balanced budget,Increase financial investment in the field of high -tech industries and technology research and development,Therefore, it has established the United States' dominant position in the field of Internet information technology,greatly promoted the adjustment and upgrade of industrial structure in the United States。At the same time as the development of new infrastructure guidance,Pay attention to the methods and strength of participation,Avoid the method of "big water drilling"。Traditional infrastructure is mainly led by the government,The investment in the new infrastructure is relatively small,Religious reward time is greatly shortened,Provides natural soil for the entry of social funds,The role of finance is also directed from leading。Finance can guide social capital to participate in the manner bet365 best casino games of government funds,Relax market access,Encourage eligible private capital to enter the new infrastructure field,Specifies and push PPP mode,So as to improve the efficiency of financial funds,Diversification of the investment subject。

other,High integration of new infrastructure and productive service industry,It is a technical support for the development of the productive service industry。According to the 2019 GDP accounting results,Product service industry accounts for more than 1/3,It has become a new kinetic energy for the high -quality development of my country's economy,Finance's help to new infrastructure will strengthen this trend。While practically reducing fiscal pressure,Let more market entities share the results of new infrastructure,and guide it to the reasonable layout,Realize mutual benefit and win -win,Nimbing the regional economic gap at the same time。

 Promote the deep integration of the industrial chain

New infrastructure is not just upgraded by high -tech,Behind it is to eliminate the low -end locks of my country's manufacturing industry,Improve the entire industry value chain。The seven areas of the central government determined the seven major areas of the new infrastructure for the future of my country's industrial structure,Economic moving towards high -quality development is of great significance。The improvement of the industrial value chain should be supported by talents and technology。So,Fiscal policy should be tilted to the talent training and technical accumulation of new infrastructure,Passing fiscal expenditure、Subsidy policies such as subsidies and taxes make a set of combination fist,Help the development Bet365 lotto review of new infrastructure。At the same time,Guide the deep integration of new infrastructure and traditional industries,Low the industrial technology foundation for the development of fintech,How to innovate financial services to the real economy,Provide better financial services for the manufacturing industry to move towards the high -end value chain。Financial funds must "sprinkle sesame salt",It is necessary to determine the focus of continuous investment。For example, increase the design of the chip、Manufacturing、Storage and other key links related to basic research and development funds,Improve China's position in the global industrial chain,Strive to reach the international leading level in the next 5-10 years。

How to help new infrastructure,and obtain key common technical breakthroughs,Gives new momentum of economic development,This will greatly test the government's governing wisdom。But to recognize a fact,With the stability of the domestic economic cycle system and the adjustment of the international economic cycle system,The development pattern of "dual cycle" is the general trend,The domestic economic cycle will gradually become the dominant force formed by the new pattern。The central status of the Asian industrial chain in my country,The new kinetic energy given by new infrastructure is also inseparable from the new infrastructure。From the short term,"Six Stability and Six Insurance" goals,Finance is in the main body of the market、Bao Min Sheng plays a very important role。From the long term,Need to strengthen the help of finance for new infrastructure,Be alert to the trend of the internal currency Bet365 app download of the economy,Cooperate with the supply -side economic reform,Help the economic development of the economy。

(Author Unit: School of Finance, Tax and Public Management, Tianjin University of Finance and Economics)

Editor in charge: Changchang
QR code icon 2.jpg
Key recommendation
The latest article
Graphics
bet365 live casino games

Friendship link: The official website of the Chinese Academy of Social Sciences |

Website filing number: Jinggong.com Anmi 11010502030146 Ministry of Industry and Information Technology: Beijing ICP No. 11013869

All rights reserved by China Social Sciences Magazine shall not be reprinted and used without permission

General Editor Email: zzszbj@126.com This website contact information: 010-85886809 Address: Building 1, No. 1, No. 15, Guanghua Road, Chaoyang District, Beijing: 100026